Foxconn
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Extreme Weather Halts iPhone Production at Foxconn, Pegatron in India
Taiwanese manufacturers Foxconn and Pegatron have paused operations at their facilities near Chennai, India, due to severe weather conditions. Taiwanese manufacturers Foxconn and Pegatron have paused operations at their facilities near Chennai, India, due to severe weather conditions. -
Foxconn Boosts India Presence, Pledges $1.5 Billion Amid Diversification from China
Taiwan's Foxconn, the world's largest contract manufacturer of electronics, has announced an investment of $1.5 billion in India. The company, known for being a major supplier for Apple, detailed its investment plans in a recent stock exchange filing. Taiwan's Foxconn, the world's largest contract manufacturer of electronics, has announced an investment of $1.5 billion in India. The company, known for being a major supplier for Apple, detailed its investment plans in a recent stock exchange filing. -
Foxconn's Industrial Fortune Union Faces Scrutiny: Market Value Drops by $7.5 Billion Amid Tax Concerns
Following a sharp decline in stock price on October 23, the stock continued to fall by 5.43% on October 24, closing at 13.76 yuan/share. Over the past two trading days, the company's market value has evaporated by approximately 48 billion yuan. On October 25, the stock opened slightly higher but continued its downward trend. Following a sharp decline in stock price on October 23, the stock continued to fall by 5.43% on October 24, closing at 13.76 yuan/share. Over the past two trading days, the company's market value has evaporated by approximately 48 billion yuan. On October 25, the stock opened slightly higher but continued its downward trend. -
Foxconn Investigations and GroupM Raids: Navigating China's Murky Business Waters
In a rapidly evolving Chinese regulatory landscape, foreign firms, from tech behemoths to advertising agencies, are treading cautiously amidst increased scrutiny and probes. In a rapidly evolving Chinese regulatory landscape, foreign firms, from tech behemoths to advertising agencies, are treading cautiously amidst increased scrutiny and probes. -
Foxconn Responds to Tax Investigation; Industrial Fortune Union Shares Plunge
Following a report by the "Global Times" on October 22nd that relevant departments were conducting tax audits and land use investigations into Foxconn's subsidiaries, Foxconn Group (also known as "Hon Hai Technology Group") responded on its official website on October 23rd. The company emphasized its commitment to legal and regulatory compliance worldwide and pledged to cooperate fully with the relevant authorities. Following a report by the "Global Times" on October 22nd that relevant departments were conducting tax audits and land use investigations into Foxconn's subsidiaries, Foxconn Group (also known as "Hon Hai Technology Group") responded on its official website on October 23rd. The company emphasized its commitment to legal and regulatory compliance worldwide and pledged to cooperate fully with the relevant authorities. -
Foxconn Faces Tax and Land Use Inspections Amidst Founder's Political Ambitions
Foxconn, the Taiwan-based tech behemoth known for manufacturing Apple products, including iPhones, has come under the scrutiny of Chinese mainland tax authorities. The company is currently undergoing tax inspections in several provinces, including Guangdong and Jiangsu. Additionally, the natural resources department is investigating the land use of key Foxconn enterprises in Henan and Hubei provinces. Foxconn, the Taiwan-based tech behemoth known for manufacturing Apple products, including iPhones, has come under the scrutiny of Chinese mainland tax authorities. The company is currently undergoing tax inspections in several provinces, including Guangdong and Jiangsu. Additionally, the natural resources department is investigating the land use of key Foxconn enterprises in Henan and Hubei provinces. -
Foxconn's Strategic Pivot: Doubling Down on India Amid Supply Chain Shift from China
In a significant move signaling a shift in global supply chains, Foxconn, the world's premier contract manufacturer of electronics, is setting its sights on India. The Taiwan-based tech behemoth is not just making a cursory glance towards the subcontinent but is planning to double its workforce and investments within the next year. In a significant move signaling a shift in global supply chains, Foxconn, the world's premier contract manufacturer of electronics, is setting its sights on India. The Taiwan-based tech behemoth is not just making a cursory glance towards the subcontinent but is planning to double its workforce and investments within the next year. -
Foxconn's Financial Forecast Cools as Smartphone Slump Continues: Q2 Results Slide and Full-Year Revenue Outlook Reduced
On Monday, August 14, Taiwan's Foxconn, the primary assembler for iPhones, unveiled its financial results for the second quarter. On Monday, August 14, Taiwan's Foxconn, the primary assembler for iPhones, unveiled its financial results for the second quarter. -
Foxconn Reportedly Plans $500M Investment for Component Factories in India Amid Retreat from Chip Project
Despite withdrawing from a joint venture in chip production, Foxconn, Apple's key supplier, appears to be pushing forward with expanding its production capabilities in India. Despite withdrawing from a joint venture in chip production, Foxconn, Apple's key supplier, appears to be pushing forward with expanding its production capabilities in India. -
Foxconn- Vedanta Chip Venture Aborted, Impacts Modi's Indian Chip-making Ambition
Taiwan-based electronics giant, Foxconn's decision to rescind a $19.5 billion chip-making partnership with India's Vedanta marks a notable hitch in Prime Minister Narendra Modi's ambitious plan to transform India into a semiconductor powerhouse. The joint venture was set to establish semiconductor and display manufacturing units in Modi's home state, Gujarat. Taiwan-based electronics giant, Foxconn's decision to rescind a $19.5 billion chip-making partnership with India's Vedanta marks a notable hitch in Prime Minister Narendra Modi's ambitious plan to transform India into a semiconductor powerhouse. The joint venture was set to establish semiconductor and display manufacturing units in Modi's home state, Gujarat.